Global Automotive Ultrasonic Sensors Market, By Type (Proximity Detection, Range Measurement), Vehicle Autonomy (Semi-Autonomous Vehicle, Fully-Autonomous Vehicle), Vehicle Type (Passenger Cars, Commercial Vehicles), Application (Park Assist, Self-Parking, Blind Spot Detection) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Automotive Ultrasonic Sensors Market Analysis and Insights
Automotive ultrasonic sensors market size is valued at USD 5,898.65 million by 2028 and is expected to grow at a compound annual growth rate of 6.10% over the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive ultrasonic sensors market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
A speaker or a microphone which release or absorbs ultrasound is known as an ultrasonic sensor. There is also a method that can control emissions and reception. Sensors for car parking are built-in with this type of sensor. Ultrasound sensors were initially used in cars so as to detect parking barriers, but now they are developing into an automated parking system.
The automotive ultrasonic sensors market has a huge potential to grow over the forecast period of 2021 to 2028, owing to the strict government regulations regarding emission standards and safety. In addition, the rising vehicle production and rising use of alternative fuel vehicles are also largely influencing the growth of the automotive ultrasonic sensors market. Also the increasing electrification in automobiles as well as the wide-ranging research and development (R&D) activities in the autonomous vehicle field is another driver flourishing the automotive ultrasonic sensors market growth. Additionally, the ongoing technological innovations in automotive sensors along with high adoption of advanced driver-assistance systems (ADAS) in semi-autonomous vehicles are also creating the huge demand for automotive ultrasonic sensors and are projected to witness significant growth in the above mentioned forecast period.
However, the market of automotive ultrasonic sensors though has certain limitations which can obstruct the potential growth of the market such as the low preference for diesel cars as well as the underdeveloped aftermarket, whereas the high competition from other sensors such as lower response speed and accurateness in comparison with optical sensors and a lack of manufacturing excellence have the potential to challenge the growth of the automotive ultrasonic sensors market in the above mentioned forecast period.
In addition, the increasing use of automotive sensors with increasing autonomous vehicles, sensor fusion as well as rapid partnerships and joint ventures of various automobile giants with LiDAR providers will further offer various growth opportunities for the automotive ultrasonic sensors market in the forecast period of 2021 to 2028.
This automotive ultrasonic sensors market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive ultrasonic sensors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Ultrasonic Sensors Market Scope and Market Size
Automotive ultrasonic sensors market is segmented on the basis of type, vehicle autonomy, vehicle type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the automotive ultrasonic sensors market is segmented into proximity detection and range measurement.
- On the basis of vehicle autonomy, the automotive ultrasonic sensors market is segmented into semi-autonomous vehicle and fully-autonomous vehicle.
- Based on vehicle type, the automotive ultrasonic sensors market is segmented into passenger cars and commercial vehicles.
- The application segment of the automotive ultrasonic sensors market is segmented into park assist, self-parking and blind spot detection.
Automotive Ultrasonic Sensors Market Country Level Analysis
Automotive ultrasonic sensors market is analyzed and market size, volume information is provided by country, type, vehicle autonomy, vehicle type and application as referenced above.
The countries covered in the automotive ultrasonic sensors market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Asia-Pacific leads the automotive ultrasonic sensors market because of the rapidly increasing vehicle production and strong presence of prominent players in this particular region. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the increase in per capita disposable income levels and high spending capacity in the region.
The country section of the automotive ultrasonic sensors market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Ultrasonic Sensors Market Share Analysis
Automotive ultrasonic sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive ultrasonic sensors market.
The major players covered in the automotive ultrasonic sensors report are Continental AG, Robert Bosch GmbH, DENSO CORPORATION, TE Connectivity, BorgWarner Inc., Raytheon Company, Trimble Inc., Allegro MicroSystems, LLC, Elmos Semiconductor SE, Infineon Technologies AG, ZF Friedrichshafen AG, Sensirion AG Switzerland, VALEO, Hitachi Automotive Systems, Ltd., Sensata Technologies, Inc., Thor Industries, Autoliv Inc., NXP Semiconductors, STMicroelectronics, Analog Devices, Inc., and Parker Hannifin Corp, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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